Press Release: Insurance: major step to integrated EU financial market as Insurance Mediation Directive approved

The European Commission has welcomed the approval by the EU's Council of Ministers of the Insurance Mediation Directive, which will improve choice and reinforce protection for customers while helping insurance intermediaries such as insurance brokers, banks and car dealers - to market their services across borders. The Directive requires that all intermediaries be registered in their home Member State. To obtain that registration, they will need to meet strict requirements. Once they have done so, they will be free to sell their services anywhere in the EU.